‘It's difficult to
reconcile 1898 assets'
BY CARLA GOMEZ
Provincial Accountant Merly Fortu yesterday said the Commission on Audit 2012 findings released recently, showing that P1.4 billion in property and equipment of the Negros Occidental provincial government have not fully been reconciled and balanced, does not mean that an anomaly has been committed.
She said it has been caused by a new COA policy requiring the province to balance accumulated depreciation of properties from the time the provincial government began to exist in 1898.
It is very difficult to reconcile assets that existed long before we were born, she said.